Curzio Research, Inc. (“Curzio Research” or “we” or “us”) is not registered as an investment adviser. For all of its publication services, Curzio Research relies upon the “publishers’ exclusion” from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Curzio Research does not offer or provide personalized investment advice. We publish information about companies (both private and public) in which we believe our readers may be interested and this information reflects our professional opinions. The information that we provide (or that is derived from our website or newsletters) is not, and should not be construed in any manner to be, personalized advice.

Also, our website, our newsletter and the information provided by us should not be construed by any subscriber or prospective subscriber as a solicitation by Curzio Research to effect, or attempt to effect, any transaction in any security. Investments in the securities markets, and especially in private securities of small start-up companies, are incredibly and highly speculative and involve substantial risk that your entire investment could be lost. The information that we provide or that is derived from our website and/or newsletters should not be a substitute for advice from an investment professional. We encourage you to obtain personal advice from your professional investment advisor and to make independent investigations before acting on the information that you obtain from Curzio Research or derive from our website and/or newsletters. Only you can determine what level of risk is appropriate for you.

Specifically, we advise all readers and subscribers to seek advice from a registered professional securities representative before deciding to purchase or trade in stocks or any securities presented on this website and/or in a particular newsletter. All information provided regarding the companies featured comes from the companies themselves, SEC filings, news releases, private placement memoranda, company websites as well as other sources of publicly available information. The profiles of these highlighted public and private companies are not in any way a solicitation or recommendation to buy, sell, or hold these or any other securities.

We encourage our readers to invest carefully and to utilize the information available at the web sites of the Securities and Exchange Commission at http://www.sec.gov, and the National Association of Securities Dealers at http://www.nasd.com. You can review public companies’ filings at the SEC’s EDGAR page. The NASD has published information on its web site about how to invest carefully.

Most of the information on our website and/or newsletters or that we otherwise provide is derived directly from information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. The information may contain discussions of, or provide access to, certain positions and recommendations as of a specific date. Due to various factors, including, but not limited to, changing market conditions, such discussions and positions/recommendations may no longer be reflective of current discussions and positions/recommendations. We do not in any way warrant or guarantee the success of nor endorse any action which you take in reliance on the information that we provide or that is derived from our website.

Investors should not rely solely on the information contained on this website or in any specific newsletter. Rather, investors should use the information contained on this Website and/or in newsletters as a starting point for doing additional independent research on the featured private and public companies. The advertisements within this newsletter are not to be construed as offers to purchase securities in the companies which may be the subject of such advertisements pursuant to federal or state law or the laws of any foreign jurisdiction.

The profiles on this website and the newsletter are believed to be reliable; however, Curzio Research disclaims any and all liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of material facts from such advertisement. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. Information presented on this website and/or specific newsletters will contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.”

Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “projects”, “foresee”, “expects’”, “will,” “anticipates,” “estimates,” “believes,” “understands” or that by statements indicating certain actions “may,” “could,” or “might” occur. There is no guarantee past performance will be indicative of future results. The accuracy or completeness of the information in this newsletter is only as reliable as the sources they were obtained from.

Curzio Research, its research team, its affiliates, and/or its families may at times hold positions in securities mentioned on the website and/or specific newsletters, and may make purchases or sales in such securities featured within this website and/or our newsletters. No compensation for efforts in research, presentation, and dissemination of information on companies featured within our newsletter has been paid to Curzio Research.  Curzio Research may, from time-to-time, personally take positions in public or private companies that it recommends. Curzio Research maintains a policy that it will provide at least 48-hours’ notice before it liquidates any position that it previously recommended on this website and/or in specific newsletters.

To the extent not prohibited by law, each subscriber and potential subscriber to this website and/or specific newsletters agrees, prior to accessing or using Curzio Research’s website or receiving information provided by Curzio Research from newsletters or otherwise, to release and hold harmless Curzio Research and its directors, officers, shareholders, employees and agents from any and all liability in connection with accessing or using Curzio Research’s website or receiving information provided by Curzio Research via its website or otherwise. In all other cases, Curzio Research’s liability to a subscriber, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages of the subscriber, not to exceed the fees received by Curzio Research from the subscriber.

Curzio Research will not be liable for any consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by Curzio Research or derived from Curzio Research’s website and/or newsletters. Without limitation, Curzio Research shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber’s inability to use or any delay in accessing Curzio Research website or any other source of material provided by Curzio Research including newsletters; (3) any absence of material on Curzio Research website; (4) Curzio Research’s failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. Curzio Research and each subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between Curzio Research and the subscriber.

ANY AND ALL INFORMATION PROVIDED BY CURZIO RESEARCH OR DERIVED FROM CURZIO RESEARCH’S WEBSITE AND/OR NEWSLETTERS IS PROVIDED “AS IS” AND CURZIO RESEARCH MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Curzio Research is not affiliated with any brokerage firm and does not endorse or recommend any specific brokerage firm. Curzio Research is not and will not be responsible for any trades made by a broker on the subscriber’s behalf under any circumstances.

Notwithstanding any other agreement or other communications between Curzio Research and You to the contrary, receipt or use of any material provided by Curzio Research, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions.

All submissions from outside contributors on Curzio Research’s website and/or newsletters are the responsibility of their respective authors, creators, and/or owners. Curzio Research is not responsible for such submissions, and the views and opinions expressed are not necessarily those of Curzio Research. Curzio Research does not guarantee the accuracy or validity of the submissions. While Curzio Research may use its best efforts to review contributor submissions for form and format before they are posted on its website and/or included in its newsletters, Curzio Research does not review or edit these submissions for content.

Curzio Research makes no representations and provides no warranties whatsoever concerning submissions, and the fact that Curzio Research has posted these outside contributions does not constitute an endorsement, authorization, sponsorship, or affiliation by Curzio Research with respect to the author, creator and/or owner of the submissions. Curzio Research expressly disclaims any responsibility and accepts no liability for any information or content provided in these submissions. Please be advised that submissions may be protected by federal and international copyright or other laws, and your right to reprint, republish, modify, reproduce, or distribute this material may be limited accordingly.

Except as otherwise indicated, Curzio Research is the copyright owner of all text and graphics contained on this website and in its newsletters. Other parties’ trademarks and service marks that may be referred to herein are the property of their respective owners. You may print a copy of the information contained herein for your personal use only, but you may not reproduce or distribute the text or graphics to others or substantially copy the information on your own server, or link to this website and/or in newsletters, without prior written permission of Curzio Research.